Rekocorleone3389 Rekocorleone3389

23-12-2019
Business

contestada

Kirchhoff Industries has computed that the proper balance for the Allowance for Doubtful Accounts at August 31 is $67,937. Assume that the allowance for doubtful accounts for Kirchhoff Industries has a credit balance of $14,265 before adjustment on August 31. Journalize the adjusting entry for uncollectible accounts as of August 31.

Respuesta :

andromache andromache

24-12-2019

Answer:

Explanation:

The journal entry to record the bad debt expense is shown below:

Bad debt expense A/c Dr $4,698

To Allowance for doubtful debts $4,698

(Being bad debt expense is recorded)

The computation of the bad debt expense is shown below:

= Allowance for Doubtful Accounts - credit balance of Allowance for Doubtful Accounts)

= $67,937 - $14,265

= $53,672

Answer Link

Otras preguntas

Which of the following observations provides the best evidence that intelligence test scores are influenced by environment? A. Identical twins raised apart are

Write an expression to represent: Four less than the quotient of a number x and 5.

What’s 0.798 as a percent

Identify the element of magic realism found within the passage. the items in Lourdes’s father’s coffin the colors and approaching darkness the effect of the sun

What are the functions of him?

) Consider the starting materials and reagents. What do you expect to happen at the beginning of this reaction (Boxes 1-3 on the following page)? Explain your a

Cisco Next Generation Intrusion Prevention System (NGIPS) devices include global correlation capabilities that utilize real-world data from Cisco Talos. To leve

Which of the following triangle lengths form right triangles? Select all that apply (7, 11, 13) (10,24,26) (12, 16, 20) (12, 35, 37) (13, 15, 19)

Which labeled location is the place where more elephants are bred than anywhere else, according to the excerpt?

option with an exercise price of $109 and one year to expiration. The underlying stock pays no dividends, its current price is $109, and you believe it has a 50